[singlepic=50,240,180,,left]Bankrate.com does an annual tabulation of average closing costs by state.  They use a $200,000 mortgage as the benchmark, and include loan origination and closing/title fees.  New Mexico’s detail is here.  We can hit some high points here to put our state into perspective.  Taos real estate closing costs are probably in line with the example, but any closing’s line items can vary significantly based on a number of factors.

• New York, at $4016 is at the top expensive end of the list.
• North Carolina, at $2650, is at the bottom.
• New Mexico’s average number is $3466.
• That’s 14% below the most expensive, and 31% higher than the least expensive state average.

It’s not totally comforting, but remember, the next time you’re closing a Taos real estate transaction, that you could be in New York with as many as three attorneys present at the table and billing for the time.

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